Newsletters

Secretary-Treasurer Report

11/26/2024

Secretary-Treasurer Report

This is the first of a new series of quarterly updates from the AAPOR Secretary-Treasurer with the intention of giving our members a better understanding of AAPOR’s financial health. In this update, we will provide background on our finances, as well as an overview of where our finances are right now.

Throughout the past decade, the cost of AAPOR’s activities have increased, but we felt it important to absorb these costs as much as possible to lessen the impact on its members. This led to budgeted operational deficits nearly every year.  Fortunately, AAPOR’s investments performed well, leading the organization to produce overall surpluses in net assets.  Since the pandemic, however, costs have increased far more than AAPOR has been able to increase revenue, or for the investments to perform, and the organization has now realized losses, both operationally and in net assets.

For context, AAPOR’s income is generated in large part by the annual conference. AAPOR’s other sources of annual income primarily include membership dues and, prior to recent years, profit from  journals. Previously, distance education brought in a modest amount of revenue, but profit had been declining over the years. Webinars were recently made free to members in order to increase the value of being an AAPOR member (given the minimal costs to produce and the minimal profit that they were generating prior to this change). Our most significant expenses come from the conference and administrative operations. Conference food and audio-visual costs have increased faster than our revenue has increased. Expenses for operations including membership software, credit card processing fees, and staff health insurance have also increased in previous years. In addition, journals are also a contributor to expenses and these costs have increased in recent years while revenue has remained stagnant in the era of open source models. 

AAPOR’s 2023 budget ended the year with a $76,178 surplus, though this was only possible thanks to donations, in particular a large donation from the the National Council on Public Polling. Combined with investment gains of $150,499, the year ended with a $226,677 surplus in net assets. In planning for the 2024 and 2025 fiscal years, AAPOR’s Executive Council made several significant cuts to Council spending as well as trimming in many other places.  AAPOR is projecting a deficit in 2024, though much lower than the budgeted deficit of $166,592.  The 2025 budget includes a deficit of around $104,000. In addition, the Executive Council is committed to increasing AAPOR’s fundraising efforts, with the support of the Development Subcommittee, in order to continue supporting AAPOR’s mission while at the same time maintaining AAPOR’s financial health.